Inchcape plc Stock Rating Reaffirmed by BNP Paribas (INCH)
Inchcape plc (LON:INCH)‘s stock had its “outperform” rating restated by equities research analysts at BNP Paribas in a research note issued to investors on Tuesday. They currently have a GBX 780 ($13.09) target price on the stock. BNP Paribas’ price objective points to a potential upside of 20.28% from the stock’s previous close.
A number of other analysts have also recently weighed in on INCH. Analysts at HSBC reiterated an “overweight” rating on shares of Inchcape plc in a research note on Wednesday, August 6th. They now have a GBX 770 ($12.92) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of Inchcape plc in a research note on Friday, August 1st. They now have a GBX 730 ($12.25) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Inchcape plc in a research note on Friday, August 1st. They now have a GBX 650 ($10.90) price target on the stock. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 702.22 ($11.78).
Inchcape plc (LON:INCH) traded up 0.08% on Tuesday, hitting GBX 649.00. 240,924 shares of the company’s stock traded hands. Inchcape plc has a 52 week low of GBX 556.50 and a 52 week high of GBX 694.00. The stock’s 50-day moving average is GBX 636.6 and its 200-day moving average is GBX 628.9. The company’s market cap is £2.951 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 5th. Investors of record on Wednesday, August 6th will be given a dividend of GBX 6.30 ($0.11) per share. This represents a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, August 6th.
Inchcape plc is a global premium automotive distributor and retailer. The Company provides a professional and financed route to market for automotive manufacturers across five continents.
Receive News & Ratings for Inchcape plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inchcape plc and related companies with Analyst Ratings Network's FREE daily email newsletter.